10 December 2015



Today’s Issue Cluster: Currencies

Fed – Dollar debt puts Asian companies in spotlight ahead of meeting
Planes – Luxury Market Seen Slipping for First Time Since 2009
Chemicals – Japan partnering with overseas players


MAJOR DATA POINTS

US – Nov: Import prices dropped; -0.4% from -0.3% / WSJ

US – Week: Jobless claims at five-month high; +13k to 282k / R


MARKETS

Currencies – Commods: Pause from sell-off FT *

Currencies – Yuan: Set at Four-Year Low in ‘Stress Test’ WSJ

Currencies – Yuan: Weakening renminbi poses stability threat FT *

Currencies – Yen: Embraced by US Banks B * *

Currencies – Euro: Investors look to Fed for relief after ECB disappoints FT *

Currencies – Dollar: Chance that EMs can escape woes FT *

Currencies – Bitcoin: Creator Is Probably This Australian wired / gizmodo / ft *

Currencies – Bitcoin: Reported Founder’s Home Raided by Police WSJ / R / B

Currencies – Bitcoin: Central Bankers Explore Own Digital Cash WSJ


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Plans to Signal Gradual Path WSJ *

Fed – Economists Are Convinced of Raise WSJ * *

Fed – Treasury bill yields climb as tighter policy looms FT *

Fed – Worrying signs as rate rise looms FT *

Fed – Dollar debt puts Asian companies in spotlight ahead of meeting N * *

Fed – Asian Firms Losing Appetite for Dollar Debt WSJ *

Fed – More Hawkish Next Year / bp *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Streaming – Spotify May Allow Artists to Withhold Music From Free Service WSJ

Streaming – Losses point to bleak future for music services FT * *

Streaming – Pandora: how to close the box FT *


MANUFACTURING

Planes – Luxury Market Seen Slipping for First Time Since 2009 B / G&M *

Planes – Private jet makers target North America as Europe flags G

Planes – Textron Bets on New Business Jet WSJ *

Planes – Aerion Supersonic Jet Advances B *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Chemicals – Dow Chemical Long Pursued DuPont WSJ *

Chemicals – Aim to pre-empt activists with megadeal FT * * * *

Chemicals – Merger Likely to Get Close Antitrust Scrutiny WSJ *

Chemicals – Eat yourself thin FT *

Chemicals – China’s Rising Supply, Lower Demand Squeeze Industry WSJ

Chemicals – Japan partnering with overseas players N *


ENERGY & ENVIRONMENT

NatGas – US prices nosedive on warmer weather FT

NatGas – Producers Contemplate Opec-Style Group WSJ

NatGas – Australia Leads LNG Additions, US Catches Up / b *

NatGas – New pipelines working to debottleneck Appalachian Basin / b *


HEALTH

Bird Flu – Plucks sales for US turkey farmers FT / B * *

Bird Flu – French poultry exports hit AFP


ENDNOTE

Probability of a white Christmas in the EU motw *

Probability of a white Christmas in the US motw *


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